Opinion on Euro in March?

[farmerjohn1324]

Was it oversold? Do you think it will continue to go down after going up the past couple days? Especially as compared to AUD and CHF?

How important is ECB meeting on Thursday?

 

[SunTrader]

Appears to me to be an "oversold" bounce into lots of overhead resistance - across the board, especially EURUSD, EURCHF, EURCAD and EURJPY - less so EURAUD and EURNZD.

All CB's meetings are important lately.

 

[farmerjohn1324]

Appears to me to be an "oversold" bounce into lots of overhead resistance - across the board, especially EURUSD, EURCHF, EURCAD and EURJPY - less so EURAUD and EURNZD.

All CB's meetings are important lately.

Overhead resistance means you think it will start going down again?

 

[PeterNguyen]

Euro at the moment is very dependent on how the ECB meeting will turn out and their decision on interest rates. It is not certain to predict euro movement for sure.

 

[maxinger]

Was it oversold? Do you think it will continue to go down after going up the past couple days? Especially as compared to AUD and CHF?

How important is ECB meeting on Thursday?

there is no ECB meeting this Thurs.
anyway, the ECB meeting might impact BUND, BTP ... more than the Euro.

it will probably go sideway.

 

[kroxobor]

Was it oversold? Do you think it will continue to go down after going up the past couple days? Especially as compared to AUD and CHF?

How important is ECB meeting on Thursday?

I guess Euro should be cheaper as oil prices exert serious pressure on the currencies of energy importing countries also the Fed becomes more hawkish while other central banks are lagging

 

[Svetlana Loboda]

Euro at the moment is very dependent on how the ECB meeting will turn out and their decision on interest rates. It is not certain to predict euro movement for sure.

you got the nice point, thanks